Isas in different places ?? A problem?

ipri

Hi..we are due to put some money into isas after.April..We have tended to "top up" existing isas even though these may not be the best interest rates..
We a concerned that after a few years we will have isas in a number of places..if anything happened to us would this present the kids with a problem tracing the money??...advice please ian

ManAtHome

LOL - make 'em work for it...

Sholdn't be a problem as you'll be getting annual statements from each provider. Worth transferring the dosh for an extra half percent or so, keep your eyes open on rates (see the thread on the ISAs sub-board from Kazza showing latest rates and conditions http://forums.moneysavingexpert.com/showthread.html?t=401374)

noh

Just make a list of all accounts you hold, including bank accounts, credit cards and details of insurance policies keep this updated and place it with your will or copy of your will. I assume you have a will?

Nigel

MrMicawber_2

If your existing ISA's are not a good rate you can always transfer them so you can keep your savings together and continue to make manageing them easy.

waddy80

Just transfer all your existing isa's each year. Really easy to do every provider does it, and it's all legit. You just fill a form in with the new provider. Also don't worry about having things that your kids don't know about. As a previous poster says just keep a list with where everything is.

Cagey

waddy80 wrote: »

Just transfer all your existing isa's each year. Really easy to do every provider does it, and it's all legit. You just fill a form in with the new provider. Also don't worry about having things that your kids don't know about. As a previous poster says just keep a list with where everything is.

I have the same concern as the OP. Keep getting stuff from Fidelity & Hargrieve L about putting all my investments with them. Is this a good idea ?.

Primrose

Cagey. It's fine to keep all your equity investments with Hargreaves Lansdown but even though they say they will accept Cash ISAs as well I wouldn't move these to them. They pay a poor rate of interest and you will be able to get much better rates by looking around elsewhere.

Cagey

Thanks for that Primrose. I agree that its not a good idea to put my cash ISA`s in one of these buckets for want of better terminoligy.